Market Wrap: Investors cautious ahead of Powell speech; Sensex, Nifty end flat but post weekly gains

Indian equity indices closed flat on Friday in a highly volatile session. Traders showed caution ahead of Federal Reserve Chair Jerome Powell's upcoming speech. Despite the muted performance, both NSE Nifty 50 and S&P BSE Sensex have gained around 3% in seven sessions due to US rate cut expectations and strong domestic inflows.